Patrick Pacious Sells 10,025 Shares of Choice Hotels International, Inc. (NYSE:CHH) Stock

Choice Hotels International, Inc. (NYSE:CHH) CEO Patrick Pacious sold 10,025 shares of the business’s stock in a transaction on Tuesday, September 10th. The shares were sold at an average price of $120.37, for a total value of $1,206,709.25. Following the transaction, the chief executive officer now owns 404,666 shares of the company’s stock, valued at approximately $48,709,646.42. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Choice Hotels International Stock Performance

Shares of NYSE:CHH opened at $120.80 on Thursday. The company has a market capitalization of $5.82 billion, a price-to-earnings ratio of 25.92, a price-to-earnings-growth ratio of 2.04 and a beta of 1.25. Choice Hotels International, Inc. has a 52 week low of $108.91 and a 52 week high of $134.44. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 177.75. The firm has a 50 day moving average of $124.66 and a 200 day moving average of $121.02.

Choice Hotels International (NYSE:CHH) last announced its earnings results on Thursday, August 8th. The company reported $1.84 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.86 by ($0.02). The company had revenue of $435.20 million for the quarter, compared to the consensus estimate of $438.29 million. Choice Hotels International had a net margin of 15.42% and a negative return on equity of 3,953.67%. The firm’s revenue was up 1.8% compared to the same quarter last year. During the same period last year, the business posted $1.75 EPS. On average, sell-side analysts predict that Choice Hotels International, Inc. will post 6.38 earnings per share for the current fiscal year.

Choice Hotels International Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 16th. Shareholders of record on Tuesday, October 1st will be given a dividend of $0.2875 per share. This represents a $1.15 annualized dividend and a dividend yield of 0.95%. Choice Hotels International’s payout ratio is 24.68%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the company. Charles Schwab Investment Management Inc. boosted its stake in Choice Hotels International by 2.6% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 265,929 shares of the company’s stock valued at $30,130,000 after acquiring an additional 6,658 shares in the last quarter. Principal Securities Inc. purchased a new stake in shares of Choice Hotels International during the 4th quarter valued at $48,000. Teacher Retirement System of Texas boosted its position in shares of Choice Hotels International by 42.1% in the 4th quarter. Teacher Retirement System of Texas now owns 7,458 shares of the company’s stock worth $845,000 after purchasing an additional 2,210 shares in the last quarter. AGF Management Ltd. grew its stake in Choice Hotels International by 5.5% during the 4th quarter. AGF Management Ltd. now owns 25,546 shares of the company’s stock worth $2,894,000 after buying an additional 1,321 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its position in Choice Hotels International by 11.1% during the 4th quarter. Dimensional Fund Advisors LP now owns 621,332 shares of the company’s stock valued at $70,396,000 after buying an additional 62,174 shares in the last quarter. Hedge funds and other institutional investors own 65.57% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently weighed in on CHH shares. Truist Financial decreased their target price on Choice Hotels International from $144.00 to $134.00 and set a “hold” rating for the company in a research report on Wednesday, September 4th. StockNews.com raised shares of Choice Hotels International from a “sell” rating to a “hold” rating in a research report on Thursday, September 5th. UBS Group reduced their target price on shares of Choice Hotels International from $126.00 to $125.00 and set a “neutral” rating on the stock in a research report on Friday, August 9th. JPMorgan Chase & Co. downgraded shares of Choice Hotels International from a “neutral” rating to an “underweight” rating and set a $120.00 price target for the company. in a research note on Friday, July 19th. Finally, Barclays dropped their price objective on Choice Hotels International from $114.00 to $112.00 and set an “underweight” rating on the stock in a research note on Friday, August 9th. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have given a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $129.27.

About Choice Hotels International

Choice Hotels International, Inc, together with its subsidiaries, operates as a hotel franchisor in the United States and internationally. It operates through Hotel Franchising & Management and Corporate & Other segments. The company franchises lodging properties under the brand names of Comfort Inn, Comfort Suites, Quality, Clarion, Clarion Pointe, Sleep Inn, Ascend Hotel Collection, Econo Lodge, Rodeway Inn, MainStay Suites, Suburban Studios, WoodSpring Suites, Everhome Suites, Cambria Hotels, Radisson Blu, Radisson RED, Radisson, Park Plaza, Country Inn & Suites by Radisson, Radisson Inn & Suites, Park Inn by Radisson, Radisson Individuals, and Radisson Collection.